40 results for “charitable trust”+ Section 2(15)clear
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Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
charitable or religious trust which forfeits 8 exemptions by virtue of the provisions of the IT Act in regard to investment pattern or use of the trust property for the benefit of the settlor, etc., contained in section 13(1)(c) and (d) of that Act, the said rate will not apply to the business profits of such trusts which